FREDERICTON, Aug. 15,
2014 /CNW/ - Trius Investments Inc. ("Trius
Investments", the "Company") (TSX-V: TRU) announces that its member
interest in Recovery Ways, LLC; Recovery Ways Mountainview, LLC and
Recovery Ways Copper Hills, LLC (collectively, the "RW Entities")
has been sold. The RW Entities were sold to a private equity
firm (the "Buyer") specializing in health care services and senior
living investments. Trius Investments received a distribution
of $1,181,782 (US Funds) before
taxes. This distribution represents 80% of the Company's
pro-rata share of the price being paid by the Buyer for the assets
of the RW Entities. The remaining 20% will be held in escrow
for a period of 12 months and will be released with the
satisfactory completion of certain targets outlined in the Asset
Purchase Agreement. The Company is reviewing its options with
respect to the sale proceeds.
Trius Investments will continue to hold its real
estate interests in MV Property, LLC; RL Property One, LLC and RW
Austin Property, LLC.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
About Trius Investments Inc.
Trius Investments Inc. is an investment holding
company. The Company controls and operates Trius Disposal
Systems Ltd., an innovative commercial/residential waste disposal
company. The Company has investments in real estate in
the United States through its
other wholly owned subsidiary, TRU Investments, LLC. In
addition, the company has an investment in a commercial building
framing company located in Alberta,
Canada.
Cautionary Statements
Statements in this press release may contain
forward-looking information, including regarding the release of the
remaining distribution proceeds from escrow upon satisfaction of
the targets outlined in the Asset Purchase Agreement, the use of
proceeds from the disposition of the RW Entities and plans for the
Company's other real-estate holdings. The reader is cautioned
that assumptions used in the preparation of such information may
prove to be incorrect. Events or circumstances may cause
actual results to differ materially from those predicted, as result
of numerous known and unknown risks, uncertainties, and other
factors, many of which are beyond the control of the Company.
These risks include, but are not limited to, the risks associated
with disagreements regarding the satisfaction of the outlined
targets, the timing of the release of distribution proceeds from
escrow, the Company's plans with respect to its other real-estate
holdings, and unexpected increases to the value of the assets
post-closing. The reader is cautioned not to place undue
reliance on this forward-looking information. The
forward-looking statements contained in this document are made as
of the date of this document and, except as required by applicable
law, the Company has no obligation to publicly update or to revise
any of the included forward-looking statements, whether as a result
of new information, future events or otherwise. The
forward-looking statements contained in this document are expressly
qualified by this cautionary statement.
SOURCE Trius Investments Inc.
